According to the Vizianagaram Deputy Superintendent of Police (ACB) raids were carried out simultaneously at his residence, his office and houses of his relatives at Sompeta, Palasa and Visakhapatnam.
Prasad, who is also a special officer of the Etcherla mandal, previously worked as an estimate officer in the R R Scheme of the Vamsadhara project.
During the raids, ACB officials seized fixed deposit receipts worth Rs 25 lakh, gold jewellery worth Rs 5 lakh, four flats and 45 house plots in Srikakulam, Vizianagaram and Visakhapatnam, valued totally at nearly 4 crore.
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